International Trade

  • September 30, 2014

    Top BakerHostetler Atty Accused Of Ignoring Tax Fraud Conflict

    A prominent BakerHostetler partner should be disqualified from representing clients who allegedly used a $230 million Russian tax refund scheme to purchase New York property because the partner once represented a hedge fund targeted by the scheme, a fund manager told a federal court Tuesday.

  • September 30, 2014

    EU-Canada Deal's Cheese Provisions Enrage US Dairy Groups

    U.S. dairy industry organizations on Tuesday blasted the newly struck trade agreement between Canada and the European Union, crying foul over the deal's tightening of market access for U.S. cheese producers and its stringent geographical indication rules.

  • September 30, 2014

    FERC OKs Dominion's $3.8B Cove Point LNG Project

    The Federal Energy Regulatory Commission on Monday said Dominion Resources Inc. could build and operate its $3.8 billion Cove Point liquefied natural gas export project in southern Maryland, the fourth LNG export project to receive the commission’s approval.

  • September 30, 2014

    Sens. Hint At WTO Action Against Export Credit Agencies

    A pair of U.S. Senate Republicans on Monday pressed the Obama administration to ensure that foreign export credit agencies are providing financial backing to businesses in line with international obligations, holding the door open for a World Trade Organization case against offending nations.

  • September 30, 2014

    EU Says Apple, Fiat Tax Deals Gave Unfair Advantages

    The European Commission on Tuesday told Ireland and Luxembourg that several tax rulings issued to Apple Inc. and Fiat SpA gave them unfair economic advantages, noting in Apple’s case that there appeared to be some “reverse engineering” to determine its subsidiaries’ taxable income.

  • September 29, 2014

    UBS In Forex-Rigging Settlement Talks, Warns Of Fines

    UBS AG told investors Monday it could face a “material” fine by regulators over its alleged role in a scheme to manipulate the $5.3 trillion global foreign exchange market, saying that it was in settlement talks with at least one agency.

  • September 29, 2014

    BNP Paribas Chair To Resign As Bank Moves Past Sanctions

    BNP Paribas' chairman and director said he will be stepping down from the French bank, which has a presence in 75 countries and more than 180,000 employees, just three months after BNP agreed to pay $8.97 billion and plead guilty to violating economic sanctions.

  • September 29, 2014

    Avon Shareholders' FCPA China Bribe Class Action Tossed

    A New York federal judge on Monday tossed a putative class action by Avon Products Inc. shareholders that accused the company and its senior executives of falsely inflating stock prices by hiding violations of the Foreign Corrupt Practices Act.

  • September 29, 2014

    Argentina Held In Contempt For Debt Bypass Plan

    A New York federal judge on Monday held Argentina in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated, calling such plans illegal.

  • September 29, 2014

    Manatt Bolsters Gov't Practice With Ex-Counsel To Sen. Reid

    The former legislative counsel to Senate Majority Leader Harry Reid has joined Manatt Phelps & Phillips LLP as managing director of its federal government affairs and public policy practice in its Washington, D.C., office, the firm recently announced.

  • September 29, 2014

    WTO Tech Deal Needed Before Asia Summit, Industry Says

    A global coalition of industry organizations on Sunday urged negotiators to conclude their work on the expansion of a World Trade Organization deal to slash tariffs on information technology products in time for a closely watched summit of Asia-Pacific leaders beginning Nov. 10.

  • September 29, 2014

    Argentina Can't Fight $185M Arbitration Award, Justices Told

    British energy titan BG Group PLC has urged the U.S. Supreme Court to block Argentina's latest bid to undo the company's $185 million investment arbitration award, asserting that the country presents minor factual issues that do not warrant review by the justices, who have already weighed in on the case.

  • September 29, 2014

    EU To Explain Reasoning For Apple, Fiat Tax Investigations

    The European Commission is expected to soon explain why it believes certain tax rulings granted to Apple Inc. and Fiat SpA in Ireland and Luxembourg violated European Union state aid law and warrant current EU investigations into the companies' tax dealings, according to a Monday news report.

  • September 29, 2014

    EU Trade Chief Nominee Calls For 'Fresh Start' In TTIP Talks

    As the seventh session of for the the Transatlantic Trade and Investment Partnership kicked off Monday, the European Union's next trade commissioner told lawmakers in Brussels that it was time for a “fresh start” in the talks, vowing to increase transparency and mollify concerns about investment protections.

  • September 26, 2014

    Citigroup Cleared To Make One-Time Argentine Bond Payment

    The New York federal judge overseeing the fight between hedge funds and Argentina over payments on the country’s sovereign debt on Friday said Citigroup Inc. could make a scheduled payment on around $8.4 billion in bonds governed by Argentine law.

  • September 26, 2014

    CIT Backs Thai Co. As Surrogate In Steel Rod Duty Fight

    The U.S. Court of International Trade on Thursday affirmed the U.S. Department of Commerce's decision to use a Thai company as a surrogate in reviewing anti-dumping duties on Chinese steel threaded rod, finding that the agency had ironed out the court's worries on remand.

  • September 26, 2014

    WTO Dispute Roundup: Chief Tackles Swollen Caseload

    In Law360's latest look at Friday's operations of the World Trade Organization's Dispute Settlement Body, the director-general takes steps to address an unprecedented uptick in new cases, Russia clogs the European Union's effort to advance its case on car tariffs and Argentina fights a recent ruling against its import policies.

  • September 26, 2014

    Wynn Hits Chanos With Slander Suit Over FCPA Accusation

    Steve Wynn and his casino company Wynn Resorts Ltd. hit famed short-seller James Chanos with a defamation suit Thursday in California federal court, saying Chanos knowingly lied to audience members at an invitation-only event that Wynn and his company had violated the Foreign Corrupt Practices Act.

  • September 26, 2014

    CETA Signing Stalls After Germany Rejects Investor Clause

    European Union leaders on Friday said a $35 billion trade agreement with Canada has the backing of all 28 EU countries, despite last-minute cancellation of Friday’s signing after Germany called for a controversial investor protection clause to be removed Thursday.

  • September 26, 2014

    US Steel Wants ITC's Saudi Oil Pipe Ruling Reversed

    An American steel pipe manufacturer on Thursday sued the U.S. International Trade Commission in the U.S. Court of International Trade, challenging the ITC's decision to drop an investigation of Saudi Arabian oil pipe imports after finding the oil dumping margins to be minimal.

Expert Analysis

  • To Label Or Not To Label? Companies May Have No Choice

    Thomas C. Means

    The multiplicity of perspectives in the D.C. Circuit's en banc ruling in American Meat Institute v. U.S. Department of Agriculture leaves open the possibility that the case may reach the U.S. Supreme Court and, in the meantime, stand for a broad proposition that government may compel virtually any commercial speech, say attorneys at Crowell & Moring LLP.

  • India Is Ripe For Investment — 7 Key Issues For Investors

    Saionton Basu

    In the last few years, certain governance-related issues pertaining to foreign investors — obtaining licenses and consents to conduct business and tax controversies — dented the image of India as a serious magnet for foreign investment. Now it may be going the other way, says Saionton Basu of Duane Morris LLP.

  • New Renewable Energy Laws And Foreign Investors’ Options

    Matthew Coleman

    Investment treaties may be a highly important tool for foreign investors and industry associations in advocating against legislative changes to renewable energy regulations, say attorneys with Steptoe & Johnson LLP.

  • DeLauro Legislation Would Broaden Reach Of CFIUS Reviews

    Christopher R. Brewster

    Rep. Rosa DeLauro has introduced legislation that would radically overhaul the review of foreign investment by the Committee on Foreign Investment in the United States, but given the late date on which the bill was introduced and its controversial scope, it is likely that the bill is intended to revive debate over the scope of CFIUS reviews, says Christopher Brewster of Stroock & Stroock & Lavan LLP.

  • New 'Buy American' Rules May Be On The Horizon

    Kristen Ittig

    Recent developments on both the federal and state levels, combined with the potential for future Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership agreements, show that the landscape of U.S. domestic preferences may be undergoing a significant change, say attorneys with Arnold & Porter LLP.

  • Opportunities And Pitfalls In The Legal Cloud

    David Houlihan

    Like "big data" and other effective software marketing buzzwords, “cloud” makes something that is very complex sound simple — and even friendly. Most attorneys are not prepared to dig into the distinctions between public, private and hybrid cloud models, or the niceties of how or where their data is transmitted and stored, says David Houlihan of Blue Hill Research Inc.

  • Patent Exhaustion 1 Year After Kirtsaeng

    Alicia Carney

    Although the sample size of cases is presently small, it appears that last year's U.S. Supreme Court decision in Kirtsaeng v. John Wiley & Sons Inc. has at least weakened patent exhaustion's territorial requirement, says Alicia Carney of Fisch Sigler LLP.

  • Toward A Mandatory Polar Code By Tacit Means

    Adam Patrick Murray

    The potential use of "tacit acceptance" by the International Maritime Organization to approve mandatory Polar Code regulations reflects how IMO decision makers may define "effective implementation" and raises legitimacy concerns to both substantive and technical requirements, says Adam Patrick Murray of the Arctic Law & Policy Institute.

  • Challenges To Conflict Minerals Rule Continue

    Celia Taylor

    As a long-standing critic of placing regulation of conflict minerals under the auspices of the U.S. Securities and Exchange Commission, I welcome a suggestion that seems a more logical approach than the one currently in place — and one that might avoid the tortured legal fights that continue to rage on in regard to the SEC’s conflict minerals rule, says Celia Taylor of Sturm College of Law at the University of Denver.

  • A General Counsel's Top 10 Billing Tips

    Francis M. Drelling

    Nothing makes an in-house counsel feel like they are being nickeled-and-dimed more than receiving a $3.50, stand-alone invoice. Forcing anyone to spend time on a $3.50 invoice is, quite frankly, just not cool, says Francis Drelling, in-house counsel at Specialty Restaurants Corp.